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RadioShack CFO leaves after seven months


Fort Worth, Texas – John Feray, who had served as CFO of RadioShack for less than a year, has resigned from the company, citing personal reasons. Holly F. Etlin, managing director of AlixPartners and longtime RadioShack advisor, has been named interim CFO of the struggling retailer. She previously served as RadioShack's interim CFO from July 2013 to February 2014.

On Sept. 11, RadioShack reported its 10th straight quarterly net loss and warned it may have to file for Chapter 11 bankruptcy, with a possible sale or third-party investment as other potential avenues to remedy its ongoing financial woes.

Analyst firms including Moody’s and Wedbush have recently warned that RadioShack is in danger of running out of operating capital. According to the Wall Street Journal, RadioShack is considering a $585 million financing package led by hedge fund Standard General LP and investment bank UBS AG.

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